Over the weekend, Labor promised to subsidise home batteries by 30%. This would save about A$4,000 per household up front for an average battery. The scheme has a goal of one million batteries by 2030, costing an estimated $2.3 billion.
The promise was received broadly favourably as a measure to help with cost of living pressures and encourage the broader shift to clean energy. Labor’s policy has some similarity to an earlier Greens pledge. Last month, the Coalition hinted it was working on its own home battery plan. Opposition leader Peter Dutton has attacked Labor’s plan, claiming the subsidies would benefit the rich.
